Welcome to our dedicated page for Guardforce AI news (Ticker: GFAI), a resource for investors and traders seeking the latest updates and insights on Guardforce AI stock.
Guardforce AI (GFAI) combines robotic AI innovation with secure cash logistics solutions across Asia Pacific markets. This news hub provides investors and industry observers with essential updates about the company's strategic developments and operational milestones.
Access official press releases detailing robotic security system deployments, cash handling service expansions, and technology partnerships. Our curated collection includes earnings announcements, management updates, and market entry developments relevant to healthcare, retail, and banking sectors.
Key updates cover advancements in Robot-as-a-Service (RaaS) offerings, ATM network enhancements, and research collaborations with academic institutions. Stay informed about operational achievements across GFAI's manufacturing facilities and regional service centers.
Bookmark this page for streamlined access to verified information about Guardforce AI's integrated security solutions. Check regularly for insights into how the company addresses evolving challenges in smart robotics and financial transaction security.
Guardforce AI Co., Limited (NASDAQ:GFAI, GFAIW) reported its financial results for the year ending December 31, 2022, highlighting a net revenue decrease of 1.9% to $34.5 million due to COVID-19 disruptions. However, the robotic AI segment saw a remarkable growth of 245.1%. The company continued to diversify its secured logistics services, securing a 5-year contract with the Bank of Thailand and other long-term agreements in the retail and tollway sectors. Financially, the gross profit margin improved from 11.6% to 12.3%. Nonetheless, operational challenges led to a significant rise in operating loss to $16.9 million, up from $3.7 million in 2021. Guardforce AI's net loss reached $18.7 million, and cash reserves decreased to $8.2 million. The company aims for stronger organic growth and expansion of its Robotics-as-a-Service (RaaS) platform in 2023.
Guardforce AI Co. (NASDAQ: GFAI, GFAIW) has announced a new contract with a local government office in Macau to deploy its Artificial Intelligence of Things (AIoT) Robot Advertising model on approximately 165 robots for 20 weeks. This innovative advertising model allows advertisers to utilize data from the Guardforce AI Intelligent Cloud Platform to enhance marketing strategies. With over 400 robots currently in Macau, Guardforce AI aims to leverage the increased tourism and event traffic following the easing of COVID-19 restrictions to promote various events. CEO Olivia Wang expressed optimism about growth opportunities through this model.
Guardforce AI has acquired certain robot business assets from Shenzhen Kewei Robot Technology for USD $2.1 million. The acquisition enhances Guardforce AI's Robot-as-a-Service (RaaS) capabilities and expands its geographic reach in China. It includes equipment, client relationships, related sales channels, and patent rights, which will strengthen the company’s AI capabilities. The deal was finalized on February 15, 2023, and payment will now be made with 262,500 restricted ordinary shares at $8.00 per share post a reverse stock split. This strategic move is expected to boost growth in various sectors, including tourism.
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